Insurance & Solar Affiliate News

How To Evaluate the Quality of Solar Installation Leads

01/12/2024

Even though the popularity of solar continues to grow – around 210,000 residential solar installations were installed in the third quarter of 2023 in the United States – attracting high-quality solar leads remains one of the most challenging aspects of the solar business.

Without any further ado, let’s discuss how you can separate high-quality solar installation leads from the rest and capitalize on these high-intent potential customers.

What Are High-Quality Solar Leads?

High-quality solar leads are consumers showing significant interest in solar energy solutions: purchasing, installing, or maintaining solar equipment. More often than not, high-quality leads have confirmed their interest by taking specific actions like asking for a quote, filling out a form, subscribing to a newsletter, etc.

High-quality solar leads must also be relevant to your company. Demographics, psychographics, and history of interaction are the major factors that impact the quality of a particular lead. For example, if you’re targeting solar panel leads exclusively in New York, then even the most high-intent leads in Minnesota won’t do the job for your company because you don’t do business there.

Now, evaluating the quality of solar installation leads can focus your marketing efforts on your most profitable consumers so you can make sure every marketing penny goes where it should go.

The Importance of High-Quality Solar Leads

Rational use of resources High-quality solar leads allow you to focus on potential customers who are genuinely interested in solar products or services
Increased conversions High-quality solar leads have already demonstrated interest in solar, increasing the likelihood of conversion.
Saving marketing resources When you get quality solar leads, you don’t have to spend time on low-quality leads, optimizing your marketing resources
Increased profits High-quality solar leads are more predictable and quicker to convert. You don’t have to spend much time nurturing these leads, as they are half there already.

Here’s Why Evaluating Lead Quality is Crucial

In the quality-quantity debate, solar lead quality usually comes on top, especially for smaller businesses that can’t boast hundreds of monthly clients. To sustain your business, you must ensure a steady flow of leads and – more importantly – conversion, and high-quality leads serve these purposes well.

Here are three hypothetical situations:

  1. A potential client wants to buy a specific solar panel with installation and maintenance.
  2. A potential client is trying to choose the right model, quantity, and installation and maintenance services.
  3. A potential client is inquiring about the repair of their solar panel, but you don’t provide such services.

Theoretically, you’ve got three solar leads, but their quality varies dramatically, not to mention the third one is irrelevant. Evaluating the quality of these leads as soon as possible – where they are in the sales funnel, how likely they are to buy from you, and how to nurture each of them – would save you time on the third lead and speed up the conversion process for the former two.

Lead evaluation, and solar leads are no exception, is usually based on scoring the leads in question. The more points, the more likely the potential solar lead will convert into a paying customer.

How To Evaluate the Quality of Solar Installation Leads

Explicit vs. Implicit Lead Scoring

There are two governing lead scoring models: implicit and explicit.

Explicit Lead Scoring

Explicit lead scoring uses information collected from open sources or explicitly provided by the client via, for example, filling out a form. For B2B lead scoring, factors like company size, turnover, industry, number of employees, and the number of sales points are crucial.

In the explicit model, you can score leads with the BANT method:

  • Budget
  • Authority
  • Need
  • Time

In this methodology, all parameters carry equal weight, each scored on a 10-point scale.

Here’s a lead scoring example:

Criterion  Lead Information Points 
Budget Vague idea of solar panel costs but is willing to allocate a budget 6
Authority Decides whether to buy a particular solar panel 10
Need Wants an independent energy supply 10
Time Installation needed within 5 days 10

Total: 36 points make the lead high-intent, and they can be passed on to the sales department.

Implicit Lead Scoring

Implicit lead scoring works mainly with the lead’s behavior: interaction across touchpoints, previous experiences, and activity on marketing channels. None of this data is publicly available, but you can collect it with lead management software.

In practice, both scoring systems can be mixed, choosing criteria from explicit and implicit models based on the specific business case.

How To Evaluate the Quality of Solar Installation Leads

Tools To Evaluate Solar Leads

Implementing a scoring system for solar leads requires a certain level of automation, when you can collect information on the fly and make real-time adjustments alongside strategic decisions based on profound marketing analysis.

Here are the tools you may need to evaluate solar leads:

  • Lead scoring software: Lead scoring software can collect exhaustive lead data, automatically score leads, and independently identify scoring criteria.
  • CRM platforms: CRM software can store and organize data on solar installation leads so you can automate communications and analyze what affects the quality of your solar leads.
  • Reporting Tools: Reporting software can inform you in real time about the quality of your leads and important changes. Likewise, it can visually present metrics to inform decisions and actions.

While lead scoring software may be enough to effectively evaluate your solar installation leads, the comprehensive use of all mentioned tools will align lead scoring with your other marketing endeavors and avenues.

Buy High-Quality Solar Installation Leads at Profitise

Evaluating the quality of your solar leads is paramount, but you may not even need a rigorous evaluation if you buy solar installation leads from a reputable source like Profitise.

At Profitise, we connect credible solar advertisers with publishers, enabling a mutually beneficial trade for both parties. Advertisers get the sales leads of the target quality, number, and price, whereas publishers get their due remuneration.

You’re a marketer for a solar installation business aiming to generate leads?

Register as an advertiser or affiliate to buy or sell quality solar leads. For more information, contact us at info@profitise.com.

Frequently Asked Questions

How do I get leads for solar?

You can obtain solar installation leads in three ways: generate them from earned media, acquire them via paid advertising, or buy solar leads from lead generators and lead marketplaces.

Where can I buy solar leads?

You can buy solar leads online at Profitise by tapping into a huge market of lead sellers. You will be able to buy solar installation leads of the desired type, quality, relevance, and price without jumping through hoops.

SUBSCRIBE

Get articles delivered directly to your inbox.

    Editor’s Picks

    Unlocking Auto Insurance Lead Generation Strategies

    03/01/2024

    Navigating the complexities of the auto insurance market is crucial for both consumers and providers alike. For car owners, it ...

    Read More

    Unlocking Success with Health Insurance Leads: A Comprehensive Guide

    02/23/2024

    Even though 92.1% of Americans have a health insurance policy, acquiring these leads can be a challenging task. Whether you ...

    Read More

    The 5 Best Lead Conversion Strategies for Life Insurance Leads

    02/16/2024

    In the ever-competitive avenue of life insurance – and one with very special moral considerations – insurance companies have to ...

    Read More

    Your Best Life Insurance Lead Generation Strategies in 2024 and Beyond

    02/09/2024

    A life insurance agent is happy when their leads convert, with the final sales pitching topping the sales game. However, ...

    Read More

    Your Best Life Insurance Lead Generation and Acquisition Strategies

    02/02/2024

    With only 52% of Americans having a life insurance policy, the life insurance market provides plenty of opportunities for companies ...

    Read More

    Solar Lead Generation: How To Attract Qualified Solar Leads

    01/26/2024

    The surge for renewable energy continues to spread nationwide, winning new minds within ever more communities in the United States. ...

    Read More

    Buying Solar Leads: 9 Effective Strategies for Maximixing ROI

    01/19/2024

    As the demand for sustainable energy solutions hits an impressive 35% annual growth, ever more solar companies are searching for ...

    Read More

    How To Evaluate the Quality of Solar Installation Leads

    01/12/2024

    Even though the popularity of solar continues to grow – around 210,000 residential solar installations were installed in the third ...

    Read More

    How To Get High-Intent Solar Leads from Customer Reviews

    01/04/2024

    The record-breaking growth of the solar industry pushed solar companies to utilize all available marketing tools to maximize their lead ...

    Read More

    Qualified Insurance Leads & Calls

    Direct to Your Business

    Grow your insurance business with calls and leads data from high intent customers who are ready to convert. Profitise’s scalable call and lead solutions for the insurance industry are powered by data science and cutting-edge technology.

    Client Registration